FUN meaning in Cryptocurrency ?
Answer: What Is FUNToken (FUN)?
The FUNToken is an asset developed specifically for the online gambling and gaming industry. FUNToken combines the qualities of the Ethereum blockchain with a cutting-edge tech stack, making FUN a powerful resource for players, platforms, and developers alike. FUN supports a new age of digital gaming:
Fast - Maximise your playing time with rapid wallet-to-wallet and in-game transactions. Transparent - Transactions are decentralised, publicly recorded, and trackable. Seamless - FUNToken is an ERC20 token. The Ethereum blockchain makes processes faster and easier. Open - Players, casinos, and developers: everyone can harness FUNToken’s power. Secure - Ownership of FUNToken is completely anonymous. Existing product development and extension actively encourages other gaming operators to take advantage of the FUNToken ecosystem and player base thus increasing usage of the token. Current product developments include a new casino and other gaming opportunities using the FUNToken, all designed to be simple and easy for end users.
In the future, FUNToken intends to launch a NewToken on a sidechain which is more performant and less expensive than Ethereum. This token will only be available through a 1:1 bridge mechanism with FUN. Users will have to escrow their FUN in order to acquire the new token, reducing the trading supply which will ultimately increase demand. On-chain peer-to-peer gaming including casino, sports betting and poker on the NewToken – enabling frictionless and fast operation. A strategic burn schedule for the FUNToken ensures that the FUNToken retains value into the future.
What Makes FUNToken Unique?FUNToken seeks to revolutionize a booming industry. The online gaming sector is popular as it is; however, with the introduction of blockchain technology to its fundamentals, more people are bound to enter it, according to FUNToken.
In addition, building a gaming website on the blockchain allows the introduction of crypto assets to the platform, thus diversifying funding options. This means that crypto enthusiasts can effortlessly invest their crypto assets in online gaming and casinos, according to FUNToken.
Last but not least, FUNToken is Ethereum-based, which means that the platform is scalable and can incorporate decentralized applications, which is not possible with traditional gaming websites.
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How Many FUNToken (FUN) Coins Are There in Circulation?FUN tokens are pre-minted with no further issuances in sight. There is a maximum supply of 17 billion FUN tokens created in an official FUN pre-sale on June 22, 2017. More than 80% of all tokens were distributed to industrial investors and purchasers during this pre-sale event.
While 11.173B of the minted tokens were reserved for a second pre-sale, it was later removed from the schedule. More than half of these reserved tokens (55%) were burned, as they were categorized as surplus. The remaining 4.7B tokens were transferred to a cold storage wallet and secured for future sale to institutions or large token buyers.
How Is the FUNToken Network Secured?As an Ethereum-based ERC-20 token, FUN is operating under the proof-of-stake (PoS) consensus method. PoS was created as an alternative for the proof-of-work (PoW) consensus used by Bitcoin. While PoW requires a significant amount of processing power for tokens to be mined, PoS distributes mining capabilities based on already acquired tokens.
Many analysts point out that PoS is an easily scalable consensus method, which allows for greater flexibility in terms of use cases. Consequently, this is becoming a much more popular consensus method in recent years.
Where Can You Buy FUNToken (FUN)?FUNToken is becoming increasingly popular, which is why more exchanges have started offering trades with his crypto token. One of the more popular choices is Binance, which also has the largest FUN/USDT trading volume at $4,266,292.
Other choices include LATOKEN, and Bitrue, which have the second and third largest trading volumes after Binance.
Read more on buying crypto.
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